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Coinbase down for maintenance

coinbase.com

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Re: Coinbase down for maintenance

#151

Post by viraptor »

gist wrote: post #132
baoha wrote: post #112

Earlier quoted context omitted.

>> How do people even know how much bitcoin activity is real and not essentially faked? Define fake

I do not think it would be difficult for someone to setup a website and scam newbies into buying 'bitcoin', handing over credit card info and taking wire transfers. Perhaps even act legit to start and then segue into only processing part of transactions as real. Quite a ponzi. I don't think is a stretch either. There isn't anything comparable that people would give you money for and the key really is the overwhelming…

You can't easily pull a scam like that using credit cards. Wire transfers could be potentially easier as we know the union transfers are hard to revert (but there's work being done there as well).

Essentially, if you interact with banks and have too many chargebacks or complaints, you'll be dropped. Or your fees will get massive. And that's if you find a payment processor who's happy with you taking money for cryptocurrencies in the first place.

Re: Coinbase down for maintenance

#152

Post by chickenfries »

wonderwonder wrote: post #124

Just my opinion but I think the conspiracy theories are not realistic. Coinbase is essentially a startup that is dealing with monstrous traffic. They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. This cranks the traffic up and the servers cant handle it. I am not excusing their behavior as they need to be able to handle…

Is it really that much traffic compared to your typical consumer-facing start up? There can't be that many people buying BTC compared to the number of people that say, Stripe or Whatsapp handled in their early days...

Re: Coinbase down for maintenance

#153

Post by igorgue »

nawitus wrote: post #145
wonderwonder wrote: post #124

Just my opinion but I think the conspiracy theories are not realistic. Coinbase is essentially a startup that is dealing with monstrous traffic. They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. This cranks the traffic up and the servers cant handle it. I am not excusing their behavior as they need to be able to handle…

> They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. Are they not using cloud, which should enable easy scaling? Or is their architecture not designed for good scaling?

You're not a programmer, right?

Cloud solves everything guys!!! Yes buy more Cloud now that's 10% down in the exchanges lol...

Re: Coinbase down for maintenance

#154

Post by haburka »

gamblor956 wrote: post #141
wonderwonder wrote: post #124

Just my opinion but I think the conspiracy theories are not realistic. Coinbase is essentially a startup that is dealing with monstrous traffic. They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. This cranks the traffic up and the servers cant handle it. I am not excusing their behavior as they need to be able to handle…

Coinbase goes through this charade every time this happens with a major digital currency. It wasn't a legitimate excuse the first time, and it's not an excuse the 7th time. Scaling is a solved problem. You have AWS, Google Cloud, and MS Azure to choose from with financial institution/HIPAA-level offerings.

Lol scaling is not a solved problem. Garbage collection is a solved problem. Scaling is always a challenge.

Re: Coinbase down for maintenance

#155

Post by EnFinlay »

nawitus wrote: post #145
wonderwonder wrote: post #124

Just my opinion but I think the conspiracy theories are not realistic. Coinbase is essentially a startup that is dealing with monstrous traffic. They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. This cranks the traffic up and the servers cant handle it. I am not excusing their behavior as they need to be able to handle…

> They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. Are they not using cloud, which should enable easy scaling? Or is their architecture not designed for good scaling?

The cloud enables easier scaling, it's not a silver bullet. No matter what, scaling plans have a region where they break down, so it doesn't imply they aren't designed for good scaling.

Re: Coinbase down for maintenance

#156

Post by gamblor956 »

QML wrote: post #82
sk2code wrote: post #7

I never want to reuse my comments from other thread but this time I just can't resist. No one really anticipated what we all are currently experiencing and Coinbase is not different. It seems Coinbase struggling to cope up: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9…

How many 9s do you think Coinbase has? 2 9s, or 99% uptime? Or is it worse than that?

During normal times? Uptime is maybe 95-99% as they're down for maintenance for a few hours every few days, usually during off hours.

During major price swings? About 10% uptime at best. They're almost always down when the price jumps or drops.

Re: Coinbase down for maintenance

#157

Post by nimchimpsky »

gamblor956 wrote: post #141
wonderwonder wrote: post #124

Just my opinion but I think the conspiracy theories are not realistic. Coinbase is essentially a startup that is dealing with monstrous traffic. They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. This cranks the traffic up and the servers cant handle it. I am not excusing their behavior as they need to be able to handle…

Coinbase goes through this charade every time this happens with a major digital currency. It wasn't a legitimate excuse the first time, and it's not an excuse the 7th time. Scaling is a solved problem. You have AWS, Google Cloud, and MS Azure to choose from with financial institution/HIPAA-level offerings.

Have you ever worked in any job anywhere?

The popularity of their site is I assume proportional to Bitcoin price.

The number of users must have exploded, with no warning.

Re: Coinbase down for maintenance

#158

Post by Florin_Andrei »

wonderwonder wrote: post #124

Just my opinion but I think the conspiracy theories are not realistic. Coinbase is essentially a startup that is dealing with monstrous traffic. They are still scaling their infrastructure and when the price starts moving quickly everyone logs in to either get in on the action or take a look. This cranks the traffic up and the servers cant handle it. I am not excusing their behavior as they need to be able to handle…

I've used Coinbase on and off for a while. The service always felt exactly as you describe it: startup busting their collective ass to keep up with demand.

Given the recent increase in news about cryptocurrency I've expected "technical difficulties" with Coinbase. Heck, most mining pools are sweating bullets right now.

Hypergrowth = hyperpains.

Re: Coinbase down for maintenance

#160

Post by tome »

ceejayoz wrote: post #144
igorgue wrote: post #121

Earlier quoted context omitted.

Hope you know Coinbase is only 8% of the total Bitcoin volume each day. https://coinmarketcap.com/currencies/bitcoin/#markets

A run on one bank frequently has knock-on effects on other banks.

Right, "only 8%" is rather a lot.
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